Common use of to Borrower Clause in Contracts

to Borrower. If Borrower shall fail to notify Bank of its selected Interest Period for a Libor Loan (including the continuation of an existing Libor Loan or the conversion of a Prime Loan into a Libor Loan), the Borrower shall be deemed to have selected an Interest Period of three (3) months.

Appears in 5 contracts

Sources: Libor Addendum (Go2net Inc), Promissory Note (Coastcast Corp), Loan Agreement (Diamond Multimedia Systems Inc)

to Borrower. If Borrower shall fail to notify Bank of its selected Interest Period for a Libor Loan (including the continuation of an existing Libor Loan or the conversion of a Prime Loan into a Libor Loan), the Borrower shall be deemed to have selected an at) Interest Period of three (3) months.

Appears in 1 contract

Sources: Credit Agreement (Micro General Corp)